JP Morgan Maintains Black Hills Corp to Overweight with Price Target $67.00

Brokerage firm JP Morgan Maintains its rating on Black Hills Corp(NYSE:BKH). In a research note issued to the investors, the brokerage major Raises the price-target to $67.00 per share. The shares have been rated Overweight. The rating by JP Morgan was issued on Aug 5, 2016.

Black Hills Corp (BKH) made into the market gainers list on Wednesdays trading session with the shares advancing 0.47% or 0.27 points. Due to strong positive momentum, the stock ended at $58.2, which is also near the day’s high of $58.32. The stock began the session at $57.48 and the volume stood at 4,74,075 shares. The 52-week high of the shares is $64.58 and the 52 week low is $36.8101. The company has a current market capitalization of $3,045 M and it has 5,23,24,123 shares in outstanding.

Black Hills Corp(BKH) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $325.40M. Analysts had an estimated revenue of $468.21M. Earnings per share were $0.39. Analysts had estimated an EPS of $0.56.

Several Insider Transactions has been reported to the SEC. On Aug 27, 2015, Richard Kinzley (CFO) purchased 1,087 shares at $38.76 per share price.

Black Hills Corporation is an integrated energy company. The Company operates in the United States with two business groups: Utilities and Non-regulated Energy. Its Utilities Group is comprised of regulated Electric Utilities and regulated Gas Utilities segments and its Non-regulated Energy Group is comprised of Power Generation Coal Mining and Oil and Gas segments. It conducts its electric utility operations and combination electric and gas utility operations through three subsidiaries: Black Hills Power Cheyenne Light and Colorado Electric. Its Non-regulated Energy Group which operates through various subsidiaries produces and sells electric capacity and energy through a portfolio of generating plants produces and sells coal from its mine located in the Powder River Basin in Wyoming and acquires explores for develops and produces natural gas and crude oil in the Rocky Mountain region.

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